Council voted unanimously to reimburse Stratford nearly $70 million, which comes to almost $129 million including interest. The money would come from tax revenues gained from increased property values.

Stratford is a land developer, which means it acquires and primes land for other developers. So it is unlikely that Stratford would actually develop the buildings that would make up “The Canyon”, and no timeline has been laid out.

Even so, lame duck councilman Dave Neumann told council Stratford would not improve and quickly resell the property. Isn’t that what land developers do?

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